Market Report Tag

Cape Sale 31st October

31st October 2023

USD/SAR 18.7217

GBP/SAR 22.7544

 

The 5th winter sale of the season saw 117,447kgs on offer, resulting in a strong clearance of 88%.

 

Young goats were in strong demand with an increase of 3-4%.  All other qualities were firm.  The stronger rand means a rise overall in USD terms.

 

The next sale will be held on 14th November with approx. 160 tons on offer.

 

 

Kind Regards,

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Cape Sale 26th Spetember

                                                                                                 26th September 2023

 

 USD/SAR 18.8647 

GBP/SAR 22.9734

EURO/US $ RATE 1.06

 

 

The 3rd winter sale of the season saw 123,087kg on offer with a clearance of 84%.

 

Kid types were firm, with all others easing slightly.  However, the market was more or less firm in USD terms.

 

The next sale will take place on 10th October 2023.

 

Kind Regards,

 

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Cape Sale 6th September

6TH September 2023

 

USD/SAR 19.1484 

GBP/SAR 24.0829

EURO/US $ RATE 1.07

 

The 2nd winter sale of the season saw 138,662kg on offer with 81% clearance.

 

While kid types were strong, up 2%, coarser types were down 2-5%.

 

This sale followed a strong Basuto sale on Monday 4th September where all types were well sought after.

 

The next Cape sale will be held on 26th September 2023.

Kind Regards,

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Cape Sale 16th August

16th August 2023

 

USD/SAR 19.0747

GBP/SAR 24.2726

 

 

The first winter sale of the season, 15th August, saw a mixed offering of 103,985kg with an 89% clearance.

 

While kid types were strong considering the worldwide economic situation, and holidays in Europe, other types were down 5-6% in rand terms.

 

The next auction will be held on 5th September 2023.

 

Kind Regards,

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Cape Sale 7th June

7th June 2023

 

USD/SAR 19.2106 

GBP/SAR 23.8941

 

The final summer season Cape sale saw a larger than expected offering of nearly 180,000kgs and due to the large offering prices were slightly softer for most types, however Kid combing types had good demand and prices remained firm. The weight offered this summer season has seen an increase of 15% in volume compared to 2022.

 

Kids – Firm

YG – 4% Cheaper

Adult 4% Cheaper

 

The next sale will be held on 15th August 2023.

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Cape Sale 16th May

                                                                                               

                                                                                              16th MAY 2023.

 

USD/SAR 19.69

GBP/SAR 23.86

 

At today’s Cape sale there was a good offering of high quality mohairs, especially the fine kids. With only one sale remaining there was good competition on main types. Local currency was weaker which helped keep prices firm to dearer.

 

Kids up 2%.

 YG up 1%.

Adult firm.

 

The next sale will take place on 6th June 2023.

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Cape Sale 26th April

                                                                                               

                                                                                              26th APRIL 2023.

 

USD/SAR 18.2946

GBR/SAR 22.7585

 

Despite a very large offering of 147,602kgs there was a strong clearance of 93% with the market holding up relatively well in USD terms. With Kid types being especially well sought after increasing 65 in SAR terms.

 

Kids up 6%.

YG down 2%

Adult down 2-3%

 

The next sale will take place on 16th May 2023.

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Cape Sale 4th April

                                                                                               

                                                                                                  4th APRIL 2023.

 

USD/SAR 17.79

GBR/SAR 22.10

 

At today’s Cape sale there was 110 tons on offer with 93% sold under strong competition. Prices in local currency were 3-4% lower, however the prices in USD were fully firm.

 

Kids firm.

YG firm.

Adult firm.

 

The next sale will take place on 25th April 2023.

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Cape Sale 21st March

                                                                                               

                                                                                                  21st MARCH 2023.

 

USD/SAR 18.25

GBR/SAR 22.01

 

With 132 tons on offer resulting in an extremely strong clearance of 98% the market rose 2-5% on the back of strong bidding.

 

Kids up 4%.

YG up 2%. 

Adult up 5%.

 

The next sale is 4th April

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Cape Sale 7th March

                                                                                               

                                                                                                  7TH MARCH 2023.

 

USD/SAR 18.25

GBR/SAR 22.01

 

At the second sale of the summer season there was a very large offering of over 200 tons. There was very strong competition on most types with prices rising 3-10%.

 

 Kids   up    5%.

 YG    firm.

 Adult  up    5-10%.

 

The next sale is 21st March.

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